Capital and non-capital equipment
Capitalized equipment includes all tangible, non-expendable, movable assets having a useful life of more than one year and a value of $5,000 or greater or are plated vehicles, trailers or boats. Assets and equipment that satisfy this definition will be assigned a university property identification tag, entered into the University's Asset System within SAP and depreciated. These assets can be acquired using university funds, grant funds, by donation, and loaned or leased items.
Non-capitalized equipment may be tagged also. These assets are less than $5,000 and can be any movable item that a department would like to have appear on their inventory for tracking purposes. Computers, laptops, tablets and servers must be tagged and will appear on your inventory report.
Departments might want university property identification tags to deter theft, promote good asset management, schedule replacements, provide building valuation for insurance purposes, and to maintain a centralized list of department assets.
Accounting Services maintains a list of General Ledger (GL) numbers and can help you select the one that most accurately indicates tagging requirements.